A start-up company is not just like any other new business. It’s a new business that has its sights set for big things, and while start-ups are young companies that have their work cut out for them, success is not easy.
A quote from the cofounder and co-CEO of Warby Parker explains this further in a recent Forbes article. “A startup is a company working to solve a problem where the solution is not obvious and success is not guaranteed.” Those are tough odds for young companies looking to break into their market. And yet, start-ups continue to be on the rise in the U.S., with thousands of young hopefuls looking to be a part of the next big thing.
If you’re considering a job with a start-up, or are looking to join an existing start-up, here’s what you should expect.
Change could happen nearly every day at a startup. Since things are new and really young start-ups tend to only have a handful of employees, there’s likely not a rulebook yet as you’re just getting started on figuring out how to run your business. This makes for an exciting atmosphere, but it can also test your patience. You have to have a high tolerance for fast paced change, because adaptability is really the true nature of your business.
Everyone is Important
It’s not a generational approach; at a startup, everyone is a crucial member of the team. Even if there is a solid managerial structure in place, your work is vital to the success of the company. You won’t be able to hide at your desk if you’re feeling drained. This can create a very welcoming and supportive environment but can overwhelm anyone who’s not sure if they are up for the challenge. Teamwork will be heavily relied upon, and new ideas are nurtured instead of being turned away based on your tenure.
Benefits, Schedules and Offices are Untraditional
One of the most appealing aspects of start-ups is how untraditional they are. Younger generations have seen those before them fall into a working pattern that leaves people feeling a bit stuck in a routine every day. Start-ups often offer nontraditional job aspects that are extremely attractive, such as an open office with a casual environment, happy hours and downtown lunches with your teammates to celebrate wins, and flexible working hours with unlimited sick days. While these perks sound great at first, they can sometimes become cons quickly. Because startups are still growing, they do not always have the ability to afford health insurance and other standard benefits at a traditional company.
Things Move Quickly
Start-ups are a fast paced environment. Just as quickly as your dreams were realized, they can be taken away. While the long term successes will be great, it’s getting there that can be the problem. This means that you have to be able to prioritize projects to accommodate for big clients and changing routines. You could be moving offices quickly as you continue to grow as well. If you usually like to take a third or fourth pass at your work before sending it to a client for review, you’ll have to settle for two rounds. Time is very valuable and it certainly cannot be taken up by any type of doubt.
The most important aspect of a start-up is the atmosphere. It’s an exciting time even if you’re working from a few desks in an office basement. Keeping the above job aspects in mind, you’ll be able to adjust to your new job quickly – just be prepared not to settle into any type of routine too quickly.